The 220 Co-Founders kicked off 2017 by having a company retreat in New Buffalo, MI for an uninterrupted three days and two nights. Thank you to Dr. Jay and Deb Hughes for letting us use their amazing lake house!
The purpose of the retreat was to get out of our normal environment for a consecutive block of time (minimal email and phone) to maximize big-picture thinking and develop our 5-year personal and company visions. As many of you know, we're huge advocates of working backwards, so we used these 5-year strategies to decide on our big goals for 2017.
Some of the key questions we asked ourselves:
- What did we do really well/not so well last year?
- 80/20 Analysis: Which activities did we spend 20% of our time doing that produced 80% of our best results?
- What are our "unrealistic" 5-year visions for our personal lives?
- What does the 220 look like that supports those personal visions for both of us?
- For anything beyond one year out: why can't we start doing that right now?
- How can we apply 10x thinking to this concept?
While we have an idea of what we want the end of the year to look like, we decided to use a concept of one of our heroes, Tim Ferriss, and experiment for 3-6 months (in this case 3 months) by only setting specific goals for the first quarter of the year (March 31, 2017).
Once we get to the end of the first quarter, we will reevaluate our progress and direction, and accordingly set our goals for the next quarter. We found out yesterday from our friend Scott Gombar that the book The 12 Week Year promotes a similar strategy.
- Increase our revenue by 100% over last year
- Finish first draft of our book that we are writing this year
- Complete content and videos for our new online program
- Run 3 free workshops for local schools and community organizations
Whether you run a business or not, a type of professional/family/personal retreat is a powerful way to reflect on where you are, be grateful for how far you've come in your life and everything you have, decide on your vision for the future, and then go execute.
A retreat does not have to be three days long- it could be as short as one day or even a full afternoon, so we would highly recommend doing this at least once, if not multiple times this year.
Get out of your normal environment, shut down your phone, tablet, and computer, and do some internal/group reflecting on where you are and where you want to go. Then set goals and create the action plan to stay committed to those goals. And let us know how we can help.
What did you think of this post? Have you done a retreat like this? How do you think a retreat like this could help you? Let us know in the comments!
Want to read another post about the power of long-term thinking? Check out our post on the Law of Attraction.